Power of Compounding: Can Rs 12,000 monthly SIP investment help create Rs 8.42 cr corpus? See calculations to know how
Power of Compounding: Monthly SIP investment in mutual funds can do wonders in the long run. Consistent investment for 20 years or over can generate a corpus running into crores that can help one achieve many of their financial goals.
Power of Compounding, retirement planning: No monthly investment is small if it is made for a long run. Even small monthly investments can generate a corpus that can help a person accomplish many of their financial goals. Even if one invests Rs 3,000 monthly in a SIP and get 12 per cent annualised return on that, in 20, 25, and 30 years, the investment can help generate Rs 29,97,444, Rs 56,92,905, and Rs 1,05,89,741, respectively, while the maximum investment will be Rs 10,80,000. In investments, duration plays a key role. Power of compounding helps one generate an astronomical corpus in the long run. They just need to start investment early. Know, how Rs 12,000 monthly SIP investment can grow in 12 years 25 years, and 35 years with annualised returns (XIRR) of 12 per cent, 13 per cent, 14 per cent, and 15 per cent.
Photos: Unslash/Pixabay